(a) The authority may assist business in the formation of
joint venture to function as an export trading company. The
authority may conduct feasibility studies to ascertain the
feasibility of such a joint venture.

(b) The authority shall study whether the formation of such
an entity would aid and assist West Virginia businesses in the
export of goods. In the event that such company is financially
feasible, the authority is authorized to create a quasi-public
corporation, under the authority's control, to perform such
function. The authority may advance seed money to such
corporation to get it established: Provided,
That the
obligations of such quasi-public corporation shall not be
considered obligations of the authority.

(c) The authority is authorized to promulgate rules and
regulations to establish the duties, powers and obligations of
any export trading company to be established under this section.

Note: WV Code updated with legislation passed through the 2014 1st Special Session
The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.